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Latest Currency News Continued - page 3

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Latest Currency News Headlines

GBP to AUD Exchange Rate Slips Again as Federal Reserve’s Coronavirus Action Boosts Sentiment

23 Mar 2020 at 3 PM - Written by Toni Johnson

Markets opened this week to fresh coronavirus panic, but the British Pound to Australian Dollar (GBP/AUD) exchange rate is currently tumbling. The latest stimulus action from govermments and central banks is keeping markets a little more optimistic, which is helping risk-correlated currencies like the Australian Dollar to avoid deeper losses. As for the Pound, it remains highly volatile as Britain’s coronavirus situation...

CATEGORIES: Pound Australian Dollar Forecasts

Falling Oil Prices Sends the Pound Canadian Dollar (GBP/CAD) Exchange Rate Higher

23 Mar 2020 at 2 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Rises as Oil Prices Continue to Slump The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate rose by around 0.6%, leaving the pairing trading at around CA$1.6766. The oil-sensitive ‘Loonie’ slumped today as Brent crude prices extended its slump amid further action from governments to contain the coronavirus outbreak. The pandemic has cut demand for oil and...

CATEGORIES: Pound Canadian Dollar Forecasts

GBP to AUD Exchange Rate Slips despite Coronavirus as ‘Aussie’ Enjoys RBA-Inspired Rebound

20 Mar 2020 at 2 PM - Written by Frank Davies

Despite the Pound rebounding from lows against many major currencies today, the British Pound to Australian Dollar (GBP/AUD) exchange rate is sliding. Investors are buying the Australian Dollar back from its worst levels after a period of broad weakness, thanks to the slightly calmer market outlook as well as reaction to the Reserve Bank of Australia’s (RBA) latest policy stimulus measures. However, this AUD rebound may not...

CATEGORIES: Pound Australian Dollar Forecasts

Pound Swiss Franc (GBP/CHF) Exchange Rate Rises as Safe-Haven Demand Slips

20 Mar 2020 at 1 PM - Written by John Cameron

GBP/CHF Exchange Rate Edges Higher as SNB Holds Interest Rates The Pound Swiss Franc (GBP/CHF) exchange rate rose by 1.7% today as risk sentiment begins to make a recovery, pushing down the appeal of safe-havens like the Swiss Franc and the US Dollar. The pairing is currently trading around 1.1565Fr. Yesterday saw the Swiss National Bank (SNB) hold its interest rates at -0.75%. The SNB stressed that monetary policy alone could...

CATEGORIES: Pound Swiss Franc Forecasts Swiss Franc Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Sinks as BoE Slashes Interest Rates to 0.1%

19 Mar 2020 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Falls on BoE Emergency Rate Cut The Pound Canadian Dollar (GBP/CAD) exchange rate fell by over -0.5% today after the Bank of England (BoE) cut its interest rates to a record-low of 0.1% to fight the Covid-19 economic fallout. The pairing is currently fluctuating around CA$ 1.6693. Ivan Petrella, an associate professor of economics at Warwick Business School, comments: ‘The fact that the Bank of...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

EUR to GBP Exchange Rate Falls Back from Decade Best as Markets Pour Into USD

19 Mar 2020 at 3 PM - Written by Tim Boyer

The European Central Bank (ECB) introduced a massive stimulus package yesterday, but the Euro to British Pound (EUR/GBP) exchange rate’s reaction has been fairly mixed. The Euro has fallen from its best levels due to central bank dovishness and broad strength in its rival the US Dollar (USD). This is despite continued weakness in the Pound as Britain’s coronavirus outlook continues to worsen. Following last week’s...

CATEGORIES: Euro Pound Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Tumbles to Lowest Level Since 1985

19 Mar 2020 at 1 PM - Written by John Cameron

Pound Sterling US Dollar (GBP/USD) Exchange Rate Falls to Multi-Decade Lows The Pound Sterling US Dollar (GBP/USD) exchange rate continued to trade lower today although was left flat following the release of disappointing US labour market statistics. This left the pairing at around $1.1626. Traders continued to sell off the Pound in favour of the US Dollar on Thursday as the coronavirus pandemic continued to weigh on market...

CATEGORIES: Pound Dollar Forecasts

Pound Japanese Yen (GBP/JPY) Exchange Rate Falls, JPY Soars on Safe-Haven Demand

18 Mar 2020 at 12 PM - Written by John Cameron

GBP/JPY Exchange Rate Fall as Investors Seek Japanese Yen Refuge The Pound Japanese Yen (GBP/JPY) plummeted by 1% today as investors seek refuge in the safe-haven Japanese currency as Covid-19 fears wrack the global economy. The pairing currently trading around ¥128.75. Japanese Yen (JPY) investors are awaiting further developments over a stimulus package for the Japanese economy. The nation’s Prime Minister Shinzo Abe...

CATEGORIES: Japanese Yen Forecasts Pound Sterling Forecasts Pound Yen Forecasts

Pound US Dollar (GBP/USD) Exchange Rate Plummets as Spooked Investors Rush for Dollars

18 Mar 2020 at 10 AM - Written by John Cameron

Pound Sterling US Dollar (GBP/USD) Exchange Rate Falls as Investors Rush to Safe-Havens The Pound Sterling US Dollar (GBP/USD) exchange rate slumped this morning by around -0.8% and is currently trading at around $1.2019. The Pound continued to suffer losses against the Dollar today, after Tuesday saw the pairing slump to the lowest level since early September. Investors continued to flock to the safe-haven US Dollar as...

CATEGORIES: Pound Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Plummets as Oil Prices Temporarily Stabilise

17 Mar 2020 at 5 PM - Written by John Cameron

GBP/CAD Exchange Rate Sinks as Oil-Sensitive ‘Loonie’ Rises The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.85% today as the oil sensitive ‘Loonie’ recovers on a rebound of oil prices. The pairing is currently trading around CA$1.702. Although oil prices are still trading below $30 a barrel today the recent free fall has shown some signs of stabilising. The risk-sensitive Canadian Dollar has benefited from...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts